Baidu reports revenue down 4.20 percent. Baidu stock fell 2.93 percent on October 16

Published on 10/17/2026 at 21:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue fell 4.20 percent to CNY 31.30 billion. Baidu stock last traded at USD 80.14 on October 16, 2026, down 2.93 percent on Nasdaq.

Revenue pressure and valuation

Second-quarter revenue declined 4.20 percent to CNY 31.30 billion in 2026.
Second-quarter net income fell 74.00 percent to CNY 1.81 billion.
Baidu stock last traded at USD 80.14 on October 16, 2026, down 2.93 percent on Nasdaq.
Baidu is expected to report its next results on November 17, 2026.

Baidu, KYG070341048, Illustration mit AI erstellt.

Baidu (KYG070341048) reported second-quarter revenue of CNY 31.30 billion, down 4.20 percent from a year earlier. The figures place renewed emphasis on the company's shift from online advertising toward artificial intelligence and cloud services. Baidu stock last traded at USD 80.14 on October 16, 2026 at 4:00 p.m. ET, down 2.93 percent on Nasdaq.

Revenue pressure in the second quarter

Second-quarter net income fell 74.00 percent to CNY 1.81 billion, while profit margin declined to 5.80 percent from 21.00 percent, according to Simply Wall St in its October 2026 analysis. Revenue missed analyst estimates by 2.00 percent, while earnings per share missed estimates by 37.00 percent.

The operating mix is changing, but the latest quarter still shows the cost of that transition. AI-related businesses reached 50.00 percent of core revenue in the second quarter, while weaker online advertising reduced the contribution from Baidu's established business lines.

Price position after October 16

MarketBeat reported that Baidu reached a new 52-week low of USD 82.83 on October 14, 2026, before last trading at USD 83.74 in that report. The current USD 80.14 quote is below that cited low, while the 52-week range supplied for Baidu is USD 79.68 to USD 165.30. The stock therefore sits USD 0.46 above its reported low.

At the October 16, 2026 session close, Baidu's volume was 2,963,548 shares against an average of 2,585,821 shares. The share price was also 33.22 percent below its level one year earlier, according to Simply Wall St.

Valuation and reporting date

Baidu's market capitalization was USD 27.3 billion, and its price-to-earnings ratio was negative 34.48 on October 16, 2026. The company is expected to report its next results on November 17, 2026, before the market opens, according to Gekko.

Comparison with peers

Baidu: minus 2.93 percent, P/E negative 34.48, market capitalization USD 27.3 billion.

Alibaba (NYSE, USD): minus 1.82 percent, P/E 24.94, market capitalization USD 271.4 billion.

Tencent (OTC, USD): minus 1.59 percent, P/E 14.06, market capitalization USD 478.2 billion.

What the price says

The market is pricing a difficult earnings transition rather than a simple advertising slowdown. Baidu's lower revenue and profit figures contrast with its continued investment in AI infrastructure, leaving the November reporting date as the next concrete checkpoint for investors.

The latest available home-market quotation stood at USD 80.14 on Nasdaq on October 16, 2026 at 4:00 p.m. ET, down 2.93 percent versus the Nasdaq prior close.